https://archive.vn/PrPws blog. robinhood. com/news/2021/1/28/keeping-customers-informed-through-market-volatility
January 28, 2021 Keeping Customers Informed Through Market Volatility
Our mission at Robinhood is to democratize finance for all. We’re proud to have created a platform that has helped everyday people, from all backgrounds, shape their financial futures and invest for the long term.
We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK. We also raised margin requirements for certain securities.
https://archive.vn/PTJt9 Dave Portnoy @stoolpresidente 5:34 AM - 28 Jan 2021 from Miami Beach, FL
I can still buy everything on @TradeZer0 by the way. Hadn’t crashed. Hasn’t become rigged yet
People are already starting to organize a class action lawsuit over this.
Also filing SEC complaints. Because this sure looks like intentional market manipulation to drive the price down. And that's illegal.
And just like in 2008, they will have hearings, some traders will pay very easily recoverable fines, nobody will go to jail, and nothing will change.
Ah, 2008. Fun fact, most of my earnings in stocks came from the recovery after the recession. Thanks, Dad.